banking

11 data breaches that stung US consumers

Citibank

Year: 2011

Affected: 360,000 credit card holders

Cost: $19.4 million (Ponemon Institute estimate)

What happened: Citibank agreed to pay $55,000 to settle with Connecticut after the state's attorney general's office alleged that the company had a "known technical vulnerability" in its online banking system.

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David McMillin

Is Citigroup writing banking laws?

The good news is that Congress just passed a massive spending bill. The bad news is that critics say that Citigroup wrote some of the provisions in the bill, giving Wall Street some help in ditching Dodd-Frank.  ... Read more

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